KARACHI: Following the major hike in the prices of petroleum products by the government, hopes have risen for the revival of the IMF programme as analysts say that the Pakistani rupee is likely to start an upward drive against the US dollar in the next week.
The rupee recovered lost ground and closed at 199.76 per dollar in the interbank market on Friday. The domestic currency appreciated by 2.25 rupees or 1.13% after seeing a consecutive decline for 16 sessions, reported.